Hofmann, Boris; Peersman, Gert; Straub, Roland - 2010
magnitudes, can only be explained by assuming a high degree of wage indexation in conjunction with a weak reaction of monetary … of the monetary policy rule, but importantly also by the degree of wage indexation and resultant second round effects in … the labor market. Accordingly, the degree of wage indexation is not structural in the sense of Lucas (1976). - Technology …